A pure monopoly will find that marginal revenue ________.
A. is less than price
B. exceeds price
C. is identical to price
D. is sometimes greater and sometimes less than price
Answer: A
You might also like to view...
Which of the following provides monetary damages in cases of intentional employment discrimination?
a. Equal Pay Act of 1963 b. Civil Rights Act of 1964 c. Civil Rights Act of 1991 d. Fair Labor Standards Act of 1938
The slope of a graph that shows a direct relationship is
What will be an ideal response?
You use $45,000 of your own money to start an espresso stand. During the first year you earn a 10% return on that investment. If the current interest rate is 8%, you earn an economic profit of
A. -$900. B. $100. C. $500. D. $900.
The concept of a government spending multiplier refers to
A) how much government spending increases whenever GDP increases B) how much GDP increases whenever government spending increases C) how much the money supply multiplies for a given increase in the monetary base D) how much GDP increases for a reduction in the Fed Funds target rate